GOLD UPDATE ::

1. Gold has a good weekly support this week at 1720 level,  if break this and close below this level for 2-3 days than Gold Rate can test till 1700-1670$ and May be Much more below this level.
2. A Good Resistance in Gold Price for this week is seen at 1790-95 level,  if Gold Sustain and close above this level for 2-3 days than Gold can hit upto1820-1860 and more rise in gold prices not ruled out

POSITIONAL CALL (MULTIDAY TRADING) :: 
Sell GOLD @ 1752-1755 Level / SL 1785 / TP 1720..1690..1650..1620


Consider the Risk while Trading, Use Proper Money Management. 
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GOLD ... 1 hr...below Trendline..

GOLD... DAILY .. downtrend ...

GOLD .. 1 hr.. H&S formation

GOLD 4 hr Chart ... DOWN TREND.. Clear

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GOLD... Bearish ???

GOLD Daily Chart :

GOLD Bearish Reversal is Active till it Holds 1755 Level on Closing Basis.. 

Intraday Price Can Try to Rebound Back.. but if it Holds Below this Key Level of 1755, Our Views are valid. Our Short Signal is Still Active and We have Already Posted a Positional View here on blog. Can be Seen with this Link http://fxmagician.blogspot.in/2012/02/gold-next-movement.html 

Near-term downside risk which now offers a sharp decline back into the old trend-line and 200-day average, both holding around $1650/54.

If the Trendline and 200 SMA is Breached then Further Weakness Can be Seen and a Weekly Close Below 1540-50 Level Can Trigger a More Sharp Decline in the GOLD Prices and it will Carry upto 1450..1300 levels. The Confirmation is Still away for Such a Big Downside, but still it is an Important Analysis to Protect your Capital and Save Unnecessary Speculative Long Positions. 

Also For a Sustained upmove -  It will be Only Above the Levels of 1800-1810 on Closing Basis..

So the Conclusion is  SELL GOLD NEAR 1725-1730 ZONE / SL 1760-65 / TP 1680...1650...1620

Disclaimer :- These are Views published for information purpose only and are subject to change without notice, trading with this View without the knowledge of trading and money management can cause a damage to your portfolio. You should obtain advice from a qualified expert before making any investment decision. 

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UPDATE :: Closing View ::

Friends........ Remember Yesterday Night Post ..........
|| "Time to GO Short on EU, GOLD and OIL ....... Trade as per your Risk and Manage your trades.....Thanks and Good Night Friends..!!" ||


Crude Oil... more than 100 pips ... GOLD nearly 70 pips and EU ... nil ... as of Now.. Total Profit of 170+ pips ..... in a Single View.... Posted on FB and Blog..


Enjoy Trading... !!


http://fxmagician.blogspot.in/2012/02/closing-view-06022012.html

GOLD :: UPDATE ::

GOLLLDDDD...... GONE..... NOW 1714.... 140 PIPS DONE..!!!

GOLD :: UPDATE ::

GOLD........... Now 1718 ........ ENjoy 100 pips !!

Free Call

Sell GOLD in the Range 1728-1730 / SL 1738-1740 / TP 1718...1708

TODAY's IMP Levels ::

GOLD ::
Resistance :- R1 - 1733.4 / R2 - 1739.6 / R3 - 1749.7
Support :- S1 - 1713.3 / S2 - 1707.1 / S3 - 1697.1
Pivot :- 1723.4 
Trend :- DOWN 


EURUSD ::
Resistance :- R1 - 1.3138 / R2 - 1.3165 / R3 - 1.3208
Support :- S1 - 1.3051 / S2 - 1.3025 / S3 - 1.2981
Pivot :- 1.3095 
Trend :- DOWN


GBPUSD :: 
Resistance :- R1 - 1.5835 / R2 - 1.5861 / R3 - 1.5905 
Support :- S1 - 1.5750 / S2 - 1.5724 / S3 - 1.5681 
Pivot :- 1.5792 
Trend :- DOWN 


OIL ::
Resistance :- R1 - 97.56 / R2 - 97.86 / R3 - 98.35
Support :- S1 - 96.57 / S2 - 96.28 / S3 - 95.79 
Pivot :- 97.07 
Trend :- DOWN

UPDATE ::

Ohh ... OIL is just following us Blindly.... 97.10 to 96.70 .. in just a Few Minutes.....


Enjoy pips and Sweat Dreams..!!

CLOSING VIEW 06/02/2012 ::

Time to GO Short on EU, GOLD and OIL ....... 


Trade as per your Risk and Manage your trades.....


Thanks and Good Night Friends..!! 

PLATINUM :: INVESTMENT FOR FUTURE ::

There is likely more to come in a Platinum rally driven by supply and demand factors plus investment interest. Platinum has been one of the top-performing commodities so far this year

The improved macro picture is likely to continue to lift fabrication demand expectations, while ongoing supply concerns ranging from power and labor issues in South Africa to resource nationalism in other parts of PGMs-producing Africa will keep output growth subdued.

A strike is occurring at Impala Platinum’s Rustenburg mine, which provided some 15% of global production in the last fiscal year.

The combination of improving demand expectations and the potential for more supply-side disappointments could very well generate a Platinum deficit in 2013, which along with the cost side of the equation should continue to attract investment and lift prices higher.

"We expect platinum to trade north of $2,000 sometime in 2013.” Nymex April platinum traded as high as $1,638.70 overnight, its strongest level since Nov. 16.

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UPDATE Free Calls:: CRUDE ::

Crude.... Hits TP1 @ 96.80.... 40 pips done.. Enjoy!!

FREE Call UPDATE :: GOLD ::

GOLD Sell Call Given @ 1730.... Hits All TGT @ 1720...... 100 pips done.. ENjoy..!!

Total Till now ...140 pips ..

FREE Call Update :: EU::

EU ... Sell Call Almost hit TP1 @ 1.3050 .. Low Made 1.3054 ... 40 pips done (From 1.3095 to 1.3055 )...


NOW it's your Baby ... Take Care .. No more updates..  

GOLD NEXT Movement ::

For the Week Closing 4th Feb 2012 ... GOLD Closed Below 1730 Level, it was a Very Good Indication that bears are Active Again and Now They Will Push it For More Downside... The Resistance on Weekly Chart is now Placed @ 1776.6 as on Monday's Chart. If it is Broken and Closing Above this level happens in GOLD..we can see prices above 1820-1840 levels. and Now the Support is Seen @ 1697.8 .. if this is Broken on Downside we Can see levels of 1670-1640 levels soon.. we need a Closing Below 1697.8 for 2-3 days for these levels.. We were expecting these levels since a Long time and Now the Downside seems to be more achievable.. Let's Hope for the Best and Trade According to your Risk Appetite using Money Management.  

TODAY's Trades Open ::

1) Sell Crude Oil Below 97.20 / SL 97.60 / TP 96.80 ...96.50


2) Sell EU in the Range of 1.3090-1.3100 / SL 1.3145 / TP 1.3050..1.3020


3) Sell GOLD @ 1730 & 1735 / SL 1742 / TP 1727..1725 and 1720